The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1973 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
accumulation distribution adjusted basis allocated amount annuity apply attributable beneficiary capital loss carryback carryover charitable remainder Code company taxable income contracts corpus credited decedent December 31 deemed distributed defined in section described in section determined distributable net income duction election estate or trust estate tax estates and trusts exceeds excess fair market value foreign trust created gain or loss grantor graph gross income imposed by section included insurance company taxable insurance reserves Internal Revenue Code investment yield liability loss from operations ment mutual insurance mutual insurance company operations loss ordinary income paid paragraph partner partnership property payment percent portion preceding taxable premiums provided in section reinsured sale or exchange section 666 section 751 section 809 Statutory provisions subchapter subparagraph subpart taken into account tax imposed tax-exempt interest taxable investment income taxable years beginning term tion treated tributed trust instrument U.S. person unused loss
Popular passages
Page 295 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation ; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 503 - Justice Department Alien Property, Office of Federal Claims Collection Standards Federal Prison Industries Immigration and Naturalization Service Narcotics and Dangerous Drugs, Bureau of Labor Department Employees' Compensation, Bureau of Employees...
Page 301 - Life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan, continuing for life and not subject to cancellation...
Page 323 - ... company or association exclusively for the payment of claims arising under certificates of membership or policies issued upon the assessment plan and not subject to any other use. Sec. 245. (a) In the case of a life insurance company the term "net income...
Page 208 - ... such creator or person through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 197 - ... a power to control the investment of the trust funds either by directing investments or reinvestments, or by vetoing proposed investments or reinvestments, to the extent that the trust funds consist of stocks or securities of corporations in which the holdings of the grantor and the trust are significant from the viewpoint of voting control; or (C) a power to reacquire the trust corpus by substituting other property of an equivalent value.
Page 300 - POT purposes of this subtitle, the term "life Insurance company" means an Insurance company which Is engaged In the business of issuing life Insurance and annuity contracts (either separately or combined with health and accident Insurance), or noncancellable contracts of health and accident Insurance, if — (1) Its life Insurance reserves (as...
Page 327 - ... (5) Investment expenses paid during the taxable year: Provided, That if any general expenses are in part assigned to or included in the investment expenses, the total deduction under this paragraph shall not exceed one-fourth of 1 per centum of the book value of the mean of the invested assets held at the beginning and end of the taxable year...
Page 210 - In the case of any organization described in section 501 (c) (3) to which section 503 is applicable exemption under section 501 shall be denied for the taxable year if the amounts accumulated out of Income during the taxable year or any prior taxable year and not actually paid out by the end of the taxable year...
Page 439 - Interest) ; or (B) Losses from the sale or exchange of capital assets sold or exchanged to obtain funds to meet abnormal Insurance losses and to provide for the payment of dividends and similar distributions to policyholders...